Markets


Russian Federation vetoes United Nations statement on North Korea's missile tests
- April 21, 2017

China has expressed concern over developments on the North Korea nuclear issue after DPRK officials announced that they will soon conduct more nuclear missile tests. Speaking aboard the USS Ronald Reagan aircraft carrier at the US Yokosuka naval base in Tokyo Bay, Mr Pence said the Trump administration would continue to "work diligently" with allies like Japan, China and other global powers to apply economic and diplomatic pressure on Pyongyang. (more...)
Oil lower on smaller crude inventory decline Oil lower on smaller crude inventory decline
- April 21, 2017

The gasoline build was a bit of a surprise but makes sense given that this is the time of year refinery runs increase", Wellington, Florida-based Energy Analytics Group LLC director, Thomas Finlon, told Bloomberg by telephone. The declines are welcome news after steady gains earlier this year that pushed petroleum inventories to record levels. The existing output pact reached late previous year between OPEC and key non-OPEC producers lifted oil prices and encouraged US firms to lift ... (more...)
US home sales rise shoot up to 10-year high US home sales rise shoot up to 10-year high
- April 21, 2017

Stripping out those adjustments, sales were 7.3 percent higher than in March 2016. "This is a very broad-based recovery" in the housing market, Lawrence Yun, NAR's chief economist, said at a press briefing accompanying the report. All told, 48 percent of homes sold in March were on the market for less than one month. According to a recent realtor.com study, homes are flying off the market at a dizzying pace, selling eight days quicker this spring. (more...)
H-1B not immigration but trade, services issue H-1B not immigration but trade, services issue
- April 21, 2017

Trump is pushing for 'Buy American, Hire American' in which he directed the USA secretary of state, attorney general, secretary of labor and secretary of homeland security "to suggest reforms". "All of these (US and Australia visa curbs) are big changes that are happening beyond just policy changes of individual governments, and the industry has been taking several steps to cope with them". (more...)
Chinese Startups Take Aim at the Tesla Model 3 Chinese Startups Take Aim at the Tesla Model 3
- April 21, 2017

The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.88 on scale of 1-5. Tesla Motors, Inc. Following the completion of the sale, the director now owns 170,546 shares in the company, valued at approximately $48,823,908.88. The disclosure for this purchase can be found here. (more...)
Mercedes chief mulls team orders to foil Ferrari Mercedes chief mulls team orders to foil Ferrari
- April 21, 2017

Hamilton apologised to Mercedes for damaging his own chances by earning a five-second penalty for deliberately slowing Red Bull's Daniel Ricciardo as they pitted for fresh tyres under a safety auto early in the race. Vettel and indeed his Ferrari team certainly did just that. Bottas finished the race in third, taking his second podium of the season. He initiated an overtaking maneuver on Hamilton going into Turn 1 and then proceeded to chase Bottas. (more...)
Bebe is closing all its stores by the end of May Bebe is closing all its stores by the end of May
- April 21, 2017

Bebe had 180 locations as of January 2, according to a separate SEC filing. Bebe joins clothing store chains The Limited and Wet Seal among the recent chains to go away. Bebe didn't immediately respond to CNBC's request for comment. Founded by CEO Manny Mashouf in San Francisco, Calif.in 1976, the store drew its name from Shakespeare's phrase, "To be, or not to be". (more...)
Bayern blasts referee after Champions League loss to Madrid Bayern blasts referee after Champions League loss to Madrid
- April 21, 2017

Defender Mats Hummels says Bayern Munich can not afford to dwell on their Champions League exit to Real Madrid in their quest for Bundesliga and German Cup silverware. The reaction of Bayern chairman Karl-Heinz Rummenigge to the defeat nearly matched the game for widescreen emotion. The victory at the Santiago Bernabeu Stadium put Madrid into the semifinals for the seventh straight season and kept alive its hopes of becoming the first team to retain the Champions League title since the ... (more...)
Oil prices on pace for further losses Oil prices on pace for further losses
- April 21, 2017

On an average annual basis, China's crude oil imports increased by 2.2 million b/d between 2012 and 2016, and the non-OPEC countries' share increased from 34% to 43% over the period. US crude futures were down 9 cents at $50.50 a barrel. Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said, adding that the Persian Gulf OPEC member has shown strong compliance ... (more...)
How Trump's 'Buy American' order could play out How Trump's 'Buy American' order could play out
- April 21, 2017

On April 18, 2017, President Donald Trump signed an Executive Order (EO) titled " Buy American and Hire American". "This historic action declares that the policy of our government is to aggressively promote and use American-made goods". Mr. Trump's long-awaited executive order drew sharp reactions from the Opposition Democrat lawmakers and the sponsors of these legislations, but drew applause from the treasury benches. (more...)
Oil and natural gas leak from a well in Alaska
- April 21, 2017

Both BP and ADEC, which used an airborne infrared camera to examine the scene, say that the vast majority of the spray landed on the drilling pad. BP eventually agreed to pay $18.7 billion to settle all federal and state claims related to the spill. (more...)
HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy' HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy'
- April 21, 2017

As per Thursday, November 24, the company rating was maintained by Berenberg. The firm earned "Sell" rating on Friday, August 12 by Berenberg. Haitong Securities maintained the shares of BARC in report on Tuesday, March 1 with "Buy" rating. (more...)
In his own words: Text of Trump's latest complaints about Canadian trade
- April 21, 2017

Tensions have continued to rise between farmers and politicians in the United States and Canada since Grassland in Greenwood, Wisconsin, blamed the Canadian policy change for forcing them to cut ties with dairy farmers earlier this month. "We do allow pretty significant access to the Canadian market, but we definitely do protect the rest of it", she said. Some Canadians agree with Trump, CBC News reports . (more...)
BC candidates highlight health care, economy as election continues
- April 21, 2017

That was the message from BC Liberal leader Christy Clark when she made a campaign stop with candidate Scott Hamilton at Tasty Indian Bistro on April 19. Clark said the province has the lowest unemployment rate in the country and 220,000 positions have been created through the Liberal government's jobs plan. (more...)
Tesla to recall 53000 cars over parking brake issue Tesla to recall 53000 cars over parking brake issue
- April 21, 2017

A small gear built by one of the company's third-party suppliers is to blame, and Tesla figures less than five percent of the 53,000 recalled vehicles might have the part - but better safe than sorry. The recall equates to roughly two-thirds of the 84,000 vehicles Tesla manufactured previous year. In US trading, Tesla shares closed down 1% at $302.51. (more...)
Turkey opposition seeks referendum annulment Turkey opposition seeks referendum annulment
- April 21, 2017

The French government said it would "follow with great care" the worldwide monitors' final report in coming weeks, particularly in relation to a reported last-minute change of rules by the electoral boards to allow ballots that had not been officially stamped. (more...)
Brave Efforts at Vimy Ridge Remembered
- April 21, 2017

Will and Harry laid red poppies and a commemorative pair of soldier boots in memory of those who lost their lives during the Battle of Vimy Ridge. Before the prime minister spoke, Canadian Governor General David Johnston pointed to the majestic Vimy monument, unveiled between world wars in 1937, and declared it a symbol of what the battle accomplished a century ago. (more...)
Oil prices mixed in choppy trade, rising U.S. production weighs
- April 21, 2017

However, that level was still near a record high. Global fuel stocks are well above the five-year average, and Saudi Energy Minister Khalid al-Falih was quoted on Thursday as saying inventories remained elevated in part because traders were selling supplies out of tanker storage. (more...)
Trump bashes New York Times for Patriots photo 'lie' Trump bashes New York Times for Patriots photo 'lie'
- April 21, 2017

The Super Bowl champs - who play in the AFC East with the New York Jets - joined USA president Donald Trump in calling out the New York Times . It was the team's fifth Super Bowl victory since 1960. Some players reportedly declined to attend the White House ceremony because they didn't want to be seen with Trump . Meanwhile, Trump opted to maintain his love/hate relationship with his hometown newspaper - while he loves to describe The New York Times as "failing", he also gives ... (more...)
Regulators list many mortgage errors at Ocwen Financial Regulators list many mortgage errors at Ocwen Financial
- April 21, 2017

Regulatory agencies in North Carolina and other states issued cease-and-desist orders related to Ocwen's conduct. It said the company would go after borrowers long before verifying whether the debt was valid, allegedly foreclosed illegally on at least 1,000 homeowners, and charged borrowers for add-on products without their consent. (more...)

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